Question: Record transactions 1 through 15 on the attached worksheet. Initial balances are already registered in the same. Transaction 1: Purchased from $70.000 direct materials credit
Record transactions 1 through 15 on the attached worksheet. Initial balances are already registered in the same. Transaction 1: Purchased from $70.000 direct materials credit and taken to the warehouse. Transaction 2: $67.000 materials are used in the manufacture of products. Transaction 3: $20.000 are paid for wages and wages to production employees. Transaction 4: Pay $38.000 for salaries to employees working in the sales and administration areas
Transaction 5: The purchase of furniture to be used in the sales and administrative offices is paid 5,000,000. Transaction 6: Depreciation of company furniture is recognized, including that purchased for offices in Event 5. The annual depreciation charge is 6.5k. Transaction 7: 4.000,000 are paid for manufacturing equipment. Transaction 8: Depreciation of the company's manufacturing equipment, including that purchased at the event, is recognized
Transaction 9: $8.000 indirect manufacturing costs are recognized; $2.400 were paid in cash and $5.600 were credit Transaction 10: Completed units are transferred to the warehouse for the amount of $102.000. Transaction 11: $4.300 are paid for ads and other promotional expenses. Transaction 12: Merchandise is sold to customers for $160.000; $64.000 cash and $96.000 credit. Transaction 13: Inventory sold on transaction 12 had a cost of $98.000.
Transaction 14: $90,000 is received from customers who have purchased on credit. Transaction 15: $75,000 is paid to creditors. Determines the final balances of each column.
With the info provided complete the tables in the document
Anejo del Costo de la Mercanca Fabricada Schedule of Cost of Goods Manufactured | ||
Inventario inicial, materiales (Beginning inventory, raw materials) | ||
Ms: Compra de materiales (Add:Purchase of raw materials) | ||
Total materia prima disponible para usar Total raw materials available for use | ||
Menos: inventario final, materiales Less: ending inventory, raw materials | ||
Material usado Raw materials used | ||
Labor directa de manufactura (Manufacturing direct labor) | ||
| Gasto de depreciacin: equipo de manufactura (Depreciation expense: manufacturing equipment) | ||
Otros gastos indirectos de la fbrica (Overhead factory expenses-other) | ||
Total costos de manufactura Total manufacturing costs | ||
Ms:Inventario inicial, trabajo en proceso (Add: Beginning inventory, work in process) | ||
Total trabajo en proceso Total work in process | ||
Menos: Inventario final, trabajo en proceso Less: Ending Inventory, Work in Process | ||
Costo de la mercanca fabricada Cost of goods manufactured |
Estado de Ingresos y Gastos (Income Statement) Para el ao finalizado en diciembre 31, 2015(For the year ended December 31, 2015) | ||
Ingreso de ventas Sales Revenues | ||
Menos: Costo de la mercanca vendida Less: Cost of Goods Sold | ||
Inventario inicial, productos terminadosBeginning inventory, finished goods | ||
Ms: Costo de la mercanca fabricada Add: Cost of goods manufactured | ||
Costo de la mercancia disponible para la venta Cost of goods available for sale | ||
Menos: Inventario final, productos terminadosEnding inventory, finished goods | ||
Margen de beneficio Gross profit | ||
Gastos operativos Operating expenses | ||
Gastos de salarios de venta y administrativos Selling and administrative salaries expenses | ||
Gasto de publicidad Advertising expense | ||
Gasto de depreciacin: mobiliario Depreciation expense: furniture | ||
Menos: Total de gastos operativos Less: Total operating expenses | ||
Operating Income (Net Income) |
Estado de Resultados (Balance Sheet) Diciembre 31, 2015 (As of December 31, 2015) | ||
| Assets(Assets) | ||
| Activos corrientes ((Current assets) | ||
| Eectivo (Cash) | ||
| Cuentas por cobrar(Accounts receivable) | ||
| Inventarios (Inventories) | ||
Materiales(Raw Materials ) | ||
| Trabajo en proceso (Work in Process) | ||
| Productos terminados ( Finished Goods) | ||
| Activos no corrientes (Noncurrent Assets) | ||
Equipo de Manufactura -neto[1] Manufacturing Equipment -net | ||
| Mobiliario - neto[2] (Furniture-net) | ||
| Total de Activos (Total Assets) | ||
| Pasivos (Liabilities) | ||
| Cuentas por pagar(Accounts payable) | ||
Patrimonio de los dueos Stockholder's Equity | ||
| Acciones comunes (Common Stocks) | ||
| Ganancias retenidas (Retained Earnings) | ||
| Total Liabilities and Stockholder's Equity |

Estado de Resultados "Balance Sheet" Activos (Assets) Pasivos Patrimonio de los Duenos Estado de Resultados Inventarios Liabilities Stockholder's Equity Income Statement Cuentas por Trabajo en Productos Cuentas por Acciones Ganacias Ingreso Efectivo Cobrar Materiales Proceso Terminados Equipo Mobiliario pagar Comunes Retenidas Ingresos Gastos Neto Flujo de Efectivo Transaccion Cash + A/R + Materials + W/P + FIG Equipment + Furniture A/P C/S RE Revenues Expenses = N/I Cash Flow Bal Inicial 2,000 5,000 3,000 10,000 7,000 50,000 12,000 2,500 30,000 56,500 70,000 70,000 67,000 67,000 A W N 20,000 20,000 20,000 38,000 3,800 38,000 38,000 38,000 5,000 5,000 5,000 a 6,500 6,500 6,500 6,500 4,000 4,000 4,000 00 - 2,006 2,006 9 2,400 8,000 5,600 2,400 10 7,102 7,102 11 6,000 6,000 6,000 6,000 6,000 12 64,000 96,000 160,000 160,000 160,000 64,000 13 798 798 798 798 14 90,000 90,000 90,000 15 75,000 75,000 75,000 Bal Final 5,600 11,000 6,000 99.904 13,304 51,994 10,500 3,100 30,000 165,202 160,000 51,298 108,702
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